New York Life Investment Management LLC Makes New Investment in Dycom Industries, Inc. $DY

New York Life Investment Management LLC acquired a new position in shares of Dycom Industries, Inc. (NYSE:DY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,844 shares of the construction company’s stock, valued at approximately $830,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new position in shares of Dycom Industries during the third quarter worth approximately $26,000. Salomon & Ludwin LLC acquired a new position in Dycom Industries during the 3rd quarter worth $37,000. UMB Bank n.a. boosted its position in Dycom Industries by 57.3% in the 3rd quarter. UMB Bank n.a. now owns 129 shares of the construction company’s stock valued at $38,000 after buying an additional 47 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dycom Industries in the 2nd quarter valued at $32,000. Finally, Bessemer Group Inc. raised its position in shares of Dycom Industries by 48.5% during the third quarter. Bessemer Group Inc. now owns 150 shares of the construction company’s stock worth $43,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 98.33% of the company’s stock.

Insider Transactions at Dycom Industries

In other Dycom Industries news, Director Eitan Gertel sold 3,645 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $345.62, for a total value of $1,259,784.90. Following the completion of the sale, the director directly owned 15,997 shares in the company, valued at $5,528,883.14. This represents a 18.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.72% of the company’s stock.

Dycom Industries Stock Up 2.4%

Shares of NYSE DY opened at $427.35 on Friday. Dycom Industries, Inc. has a 52-week low of $131.37 and a 52-week high of $445.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.90 and a current ratio of 3.09. The stock has a market cap of $12.38 billion, a P/E ratio of 42.06, a P/E/G ratio of 1.83 and a beta of 1.36. The firm has a 50 day moving average price of $363.65 and a 200 day moving average price of $312.74.

Dycom Industries (NYSE:DY) last announced its quarterly earnings results on Wednesday, November 19th. The construction company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.48. Dycom Industries had a net margin of 5.75% and a return on equity of 22.21%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the business earned $2.68 EPS. The firm’s revenue was up 14.2% on a year-over-year basis. Dycom Industries has set its Q4 2026 guidance at 1.620-1.970 EPS. Analysts expect that Dycom Industries, Inc. will post 7.13 EPS for the current year.

Wall Street Analysts Forecast Growth

DY has been the topic of several recent research reports. Bank of America raised their price target on Dycom Industries from $310.00 to $365.00 and gave the company a “buy” rating in a report on Friday, November 21st. JPMorgan Chase & Co. raised their target price on shares of Dycom Industries from $370.00 to $395.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. DA Davidson boosted their price target on shares of Dycom Industries from $300.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. UBS Group increased their price objective on shares of Dycom Industries from $373.00 to $400.00 and gave the company a “buy” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company upped their target price on shares of Dycom Industries from $315.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Dycom Industries currently has an average rating of “Buy” and a consensus price target of $395.20.

About Dycom Industries

Dycom Industries, Inc (NYSE: DY) is a leading provider of specialty contracting services to the telecommunications industry in North America. The company delivers engineering, construction, installation and maintenance solutions for communications infrastructure, supporting a broad range of network technologies and system architectures. Dycom’s services span outside plant construction, cable placement, fiber optic deployment, wireless and wireline network engineering, as well as testing and turn-up services for voice, data and video applications.

Dycom’s customer base includes major telecommunications carriers, cable operators, utility companies and competitive local exchange carriers.